Hedge fund foundations thrive

According to an article on Institutional Investor's website, the hedge fund industry has opened up its wallet this year, despite some tough times. So far in 2008, total annual giving by the top 25 hedge fund foundations increased 61 percent over the last 12 months to $459 million, Absolute Return figures. The top 25 hedge fund foundations now have $4.6 billion, up 31 percent from last year. The top givers were the Open Society Institute, George Soros of Soros Fund Management with $1.3 billion; the Robertson Foundation, Julian Robertson of Tiger Management with $751 million; and the Simons Foundation, by Jim Simons of Renaissance Technologies with $477 million.  

For more:
- here's the article

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